Compound Interest with Half-Yearly Compounding Over 3 Years
Compound Interest with Half-Yearly Compounding Over 3 Years
Secondary 3
Betty invested \(\$13 \; 000\) in an investment scheme that paid \(4\%\) compound interest per annum.
The investment is compounded half-yearly.
Calculate the value of the investment after three years.
Video Solution:
Video solution locked
A free account saves your progress; this video needs a course plan.
Solution:
Solution locked
680+ questions here come with free worked solutions. A free account saves your questions and progress; this one needs a course plan.
Create a free account to practise similar questions.
Answer:\(\$14\,640.11\)
Need help? Join our E-Maths tuition for O-Level success.
Learn more